45+ Small Business Ideas in Nigeria With Good Profit (2023)

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The Developing Country Provide Many Small Business Ideas in Nigeria With Good Profit and Low Cost You can Make Your Business Profitable.

With 36 States Nigeria is One Of The Developing Countries, Where many Businesses are Not Saturated Yet and You can take The Opportunity Of It and Make Any Small Business Or Startup Ideas Profitable.

Nigeria Is a Rich Resource Country, Where Many Types of Raw Materials, Fossil fuels Like Petroleum, and a Skilled Work Force Available For All Types of Service and Manufacturing businesses.

The GDP is US$1.27 trillion and The Nigerian Economy is Depends On Agriculture, Petroleum Minning, Service Based Business, Manufacturing and Technology, Tourism, and Energy.Small Business Ideas in Nigeria

Small Business Ideas in Nigeria With Good Profit (2023)

Here in this Post, We Have Added All The Service Based Business, Small Scale Manufacturing businesses, Infrastructure Business, Online Business, and Other Agriculture Farming businesses.

Quail Bird & Egg Farming

There is a Huge Demand for Quill birds in Nigeria.

With Low Investment You Can Start This Quill Bird & Egg Business in 2023.

It Needs the Proper Bird Farming Training and Small Investment to Start and You Can Sell It in the Market or Export It Throughout the Country.

  • Investment- $300-400 Total Approx
  • Revenue Potential- $700- $1K+ Apr.
  • Location- Farming Place
  • Skills Required:- Farming Skills

Profitable Agriculture

As a Traditional Business Majority of People Depend on Agriculture and Farming Business and is One of the Most Lucrative and Local Business Idea That You Can Start With the Help of Modern Technology.

Some of the Major Crops Are Beans, sesame, cashew nuts, cocoa beans, Cocoa, groundnuts, gum arabic, melon, millet, palm kernels, palm oil, plantains, rice, rubber, sorghum, soybeans

As a Young Entrepreneur, You Can Start This Agriculture Business With the Help of Modern Technology and Equipment With the Agricultural Loan and Work on Different Types of Agriculture and Livestock Farming.

With the Proper Planning and Hard Work You Can Make This Business Profitable by Dominating That Traditional Agriculture.

  • Investment- $1K+ Total Approx
  • Revenue Potential- $1.5K- 3K+ Apr.
  • Location- Offlince
  • Skills Required:-  Cultivation

Most Successful Small Business Ideas in Nigeria 2023


Blogging as BusinessIt is one of the Best Work from Home Online Businesses Which Has Multiple Earning Sources Like Affiliate Marketing, Online Product Selling, Earn From Ads, Sell Personal Products and Services, and Guest Posts.

From Here You Can Assume the Potential of Earning in Blogging.

It Requires Only Less Than $100 to Start and Launch Your Blog in 2023. Of Course, at the Starting of Your Blogging Journey.

It Requires Learning and Hard Work but Eventually, All Your Hard Work Will Be Benefited at the End.

To Start Blogging You Need to Learn Article Writing, Basic SEO, and Content Optimization for the Better Growth of Your Blog and to Drive More People.

  • Investment- $100 Total Approx
  • Revenue Potential- $500- No Limit 
  • Location- Online
  • Skills Required:- Writing, SEO

Freelance Article Writing

Article WritingFrom Business Article Writing to News Article Writing, There is a Very Huge Demand for Article Writers and You Can Start It is a Full Time or Part Time Career.

If You Have Good Writing Skills Then You Can Start Every Launching Article Writing Job and Make Money From It, There Are Many People Who Looking for Quality Articles to Publish on Their Blog and the Higher Article Writers.

You Can Also Work for News Media Companies, Bloggers, and Small Businesses to Help Them to Write Business Articles and Earn Money From Them.

There Are Also Many Freelancing Platform Where You Can Get Clients Are-

  • Upwork
  • Peopleperhour
  • Fiverr

Recharge Card Business

Starting of a Small Recharge Card Business is Another Profitable Business That You Can Start by Collaboration With the Local Vendors.

In Nigeria, There is a Greta Demand for the Recharge Card Business, and Starting of Small Business Around It is a Profitable Idea.

You Can Collaborate With the Sim Retailer and Manufacture Recharge Cards for Call and Internet Services.

Small Scale Manufacturing

Nigeria is Full of Resources and There is a Widely Availability of Raw Materials and Minerals.

For The Transportation, It is Also Connected With Different Roadways for Global Import and Export, So Starting Any Type of Small Scale Industrial Business is a Good Idea.

If You Want to Start a Small Scale Industrial Business Then You Can Do a Market Research by Understanding the Users Requirement and Start Different Types of Processing Business as Per You Like From Crops to Furniture Manufacturing You Can Start With a Low Budget.

We Can Work as an Entrepreneur and Solve the Problems of People in the Daily Life by Launching Your Product.

Low Cost Small Business Ideas in Nigeria

Catering Services(Indoor and Outdoor)

Cook & Catering BusinessCatering Services Are Always a Demand Business That You Can Start With Few People.

From Small Events to Weddings, There is a Good Demand for Catering Services and You Can Start With the Minimum Skills.

Starting and Cooking and Catering Services Business is One of the Best Service Based Businesses That You Can Start With Low Investment.

It is a Local Business Where You Get Multiple Clients in Your Locality.

Start Part time Mobile Food Vending

Starting of Food Vending is Another Low-Cost Street Food Business That You Can Start in the Marketplace.

Start Processing Different Types of Regional Street Foods and Serve Them to the People.

You Can Start It With a Food Truck, Cart, or Permanent Setup, Where You Distribute Different Types of Fast Foods.

Start a Fish Farming Business in Nigeria

Fishery BusinessStarting of Any Aquatic or Fishery Business That You Can Start With a Descent Investment, That Demand of Different Type of Fishes & Prawns in the Global Market So It Has a Great Potential and Demand.

To Start This Business Unit to Understand the Market, Budget, and Plan.

It Requires Human Resources and Testing and Checking of the Water and Fish for the Better Growth of the Fish and Prevents From Different Types of Diseases.

You Can Also Mix Farming and Aquatic Business at a Time and Make It More Profitable.

Catfish Farming

With a Low Investment, You can Start Catfish Farming in Nigeria and Sell It In The Market As Per The Great Demand.

It is a Profitable Business as it the Available at a Cheap Price and It is Very Easy to Find.

It Does Not Require Any High Maintenance Cost to Start This Business. So Start a Catfish Farming Small Business in Nigeria With a Small Pond and With the Proper Care You Can Sell It at a Good Price Bracket.

Groundnut Processing & Packing

Starting of Groundnut Processing & Packing is a Good Business Idea as Nigeria Export Huge Amounts of a Groundnut Every Year.

To Start a Groundnut Processing Business, Go Through the Process of Storage, Cleaning, Grinding, Hitting and Pressing, Refining, and Packaging

With The Huge Demand for This Business, You Can Start It in the Nearby Groundnut Farming So Start a Processing Business Related to It by Setting Up Around Not a Processing Mill.

Start a Small Restaurant

If You Have a Low Budget Then You Can Start a Small and Evergreen Foods and Restaurant Business.

Some of The Most Popular Foods are Iyan, Jollof Rice, Àmàlà, Puff-Puff, and Pepper Soup.

It is One of the Most Profitable Local Business That You Can Start on the Road Side, in School & College Areas, Office Places, and Markets Place to Attract More Customers.

Serve Different Types of Dishes Like Italian, Nigerian, Chinese, and Others.

It is a Customer and Service Based Business That Need Cleanness and Proper Hospitality to Attract More Customers.

Computer Training Center

Computer Training is One of the Best Service Based Businesses That You Can Start With Low Investment.

Computer Training is the Most Popular Training is It Comes With Multiple Job Opportunities, With Low Investment You can Start a Training or Coaching Center and Provide Both Basic and Computer Hardware Knowledge.

So Start a Small Consultancy Business or Training Business Without Any Investment and Help People to Learn Different Skills

Computer & Smartphone Repairing

It is one of the Best Future Proof Service Based Business That You Can Start With a Low Budget.

The Rapid Growth of Mobile and Computer Technology Increases the Small Businesses Related to It, So It is a Very Low Investment You Can Start a Computer Servicing and Smartphone Repairing Business in Your Local Area.

With 6 Months of Course You Can Learn Smartphone Repairing and Start Your Business Without a Huge Investment It is Another Future Proof Business That is Growing Rapidly and Open Multiple Opportunities to Start a Business.

Multi-Rental Services

Rental ServiceStarting of a Rental Business is Another Great Business Idea in 2023.

There Are Many Types of People who Visit Nigeria and Looking for Travel to Explore, So You Can Start a Small Rental Service Business by Providing Cars and Bikes on Rent With All the Legal Documents.

This a Capital Invest Business and needs to Start in a Crowded Place for Customer Acquisition.

Medium-Scale Business Ideas in Nigeria

Food Processing

With Any Type of Agriculture Loan, You Can Start a Food Processing and Crops Processing Small Business as an Entrepreneur, You Can Also Set Up Multiple Crops Processing Machines on the Near Side of the Farming Area.

Agricultural is One of the Biggest Business in Nigeria and Many People Depends on It, and There Are Many Small Business Around the Agriculture and Farming Business, From Processing to Harvesting It Requires Different Type of Machines So You Can Set Up Your Mill and Help Farmers.

You Can Also Set Up Multiple Processing Machines in a Single Mill and Different Types of Food Products Processing.

Livestock Farming

Starting of Live Stock Business is Another Profitable Business, That You Can Start With Low Investment.

First Understand the Market Demand and Then Start Any Types of Live Stock Farming Like Duck, Poultry, Eggs, Duck, Goat Farming.

You Can Also Take Bank Loans to Start This Business and You Can Get Returns Within a Year.

Poultry Farming

Poultry Farming Business and is One of the Most Lucrative and Local Business Idea That You Can Start With the Help of Modern Technology.

In Nigeria Agriculture is Directly Connected to Food So the Government Comes With Different Subsidies, Schemes, and Agriculture Loans for the Farmers.

As a Young Entrepreneur, You Can Start This Farming Business With the Help of Modern Technology and Start Livestock Farming. Selling of all The Hen, Egg and Poultry for Agriculture is a Multi Earn Business Opportunities.

With the Proper Planning and Hard Work You Can Make This Business Profitable by Dominating That Traditional Agriculture.

Used Car Sales

There Are Many People Who Cannot Afford New Cars Looking for Old Cars and You Can Help Them by Starting a Used Car Selling Business.

To Start a Used Car Selling Business You Have to Focus on Purchasing the Best Quality of Old Cars That Are in Good Condition.

You Can Purchase Cars and Repair All the Required Parts of the Car and Then Sale It With a Good Price Bracket.

To Start This Business It Needs a Good Capital and a Place to Start, So if You Have a Budget Then You Can Start This Business With All the Legal Documents and Make Money From It.

Real Estate Agency

Real Estate is One of the High Profitable Businesses, That Require Good Capital to Start.

Nigeria is a Highly Growing Developing Country, So Starting Any Business Related to It Holds a Great Opportunity.

So Start Investing in Real Estate Business if You Have Any Investment and Make a Business Plan Around It to Get a High Return by Doing the Market Research.

Top 15+ Online Business Ideas to Start in Nigeria 2023

In The Past Few Years, There is an Immersive Growth in Online Business Setup in Nigeria As Of Its Multi-Earning Opportunities.

The best Online Business Ideas in Nigeria Are:-

  1. Social media specialist
  2. Freelance writing
  3. Digital Marketing
  4. Earn From Survey Sites
  5. Affiliate Marketing
  6. Ecommerce Business
  7. YouTube Channel
  8. Domain Flipping
  9. Data Entry Jobs
  10. SEO Expert
  11. Web developer
  12. Blogging
  13. Online Tutoring
  14. Vlogging
  15. Graphic designer
  16. Stock Market Trading

Top 10+ Low Investment Business Ideas in Nigeria (No Cost Business Ideas)

  1. Security Services
  2. Courier Service
  3. Career Counselling
  4. Handy Man
  5. SEO Specialist
  6. Food Shop
  7. Blogging
  8. Affiliate Marketing
  9. Landscaping Service
  10. Service Based Business
  11. Car Cleaning

What are The Top Cities to Start a Business in Nigeria ?

  • Lagos
  • Kano
  • Ibadan
  • Benin City
  • Port Harcourt


From Agriculture Businesses to Fossil Fuel Extracting, Nigeria is a Resourceful Country That Attracts Many Locals and Foreign Investors to Set Up Their Businesses and Utilise the Major Benefits Like Rich Resources, Global Import and Export, Widely Availability of Manpower, and Lower Tax Rate.

There is Also Huge Growth of Digital Businesses in Major Nigerian Cities, So Starting of Online Businesses Like Freelancing, Digital Marketing, Content Writing, and Web Development Has Many Potential.

In This Post, We Add All Types of Small Businesses to Service-Based Businesses That Helps You to Start With a Low Investment and Also Helps You to Grab the Global Clients for Your Business.